EARNINGS PER SHARE (Tables)

12 Months Ended

Jul. 01, 2023

Schedule of Antidilutive Securities and Outstanding Equity Awards

Basic earnings per share (EPS) is calculated by dividing net income (the numerator) by the weighted-average number of common shares outstanding (the denominator) during the period. Diluted EPS is computed by including both the weighted-average number of shares outstanding and any dilutive common share equivalents in the denominator. The following table presents a reconciliation of the denominator and the number of antidilutive common share awards that were not included in the diluted earnings per share calculation. These antidilutive securities occur when equity awards outstanding have an option price greater than the average market price for the period:


	Fiscal Year Ended (in thousands, except per share information)
	July 1, 2023		July 2, 2022
Net income	$	5,157	$	3,377
Weighted average shares outstanding– basic	10,762		10,762
Effect of dilutive common stock awards	176		301
Weighted average shares outstanding – diluted	10,938		11,063
Net income per share – basic	$	0.48	$	0.31
Net income per share – diluted	$	0.47	$	0.31
Antidilutive SARs not included in diluted earnings per share	376		619